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    8727 Venice Blvd Los Angeles, CA 90034
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    Property profile & analytics

    8727 Venice Blvd Los Angeles, CA 90034

    View on Map
    • Investment properties
    • 1,876 SF
    • 0.06 lot acres
    For Lease
    $1,415,000
    View Listing →
    Office Space Available For Lease For Lease
    $1,415,000

    Office Space Available For Lease

    Office space for lease at 8727 Venice Blvd, Los Angeles.

    8727 Venice Blvd, Los Angeles, CA 90034
    View Listing
    Property ID
    US09-7069722
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,415,000
    Cap Rate Potential
    2.8%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • HomeSmiles - Los Angeles / Landscaping / General Contractor
    • Homer Cuts Beard OIL / Department Store
    • TECTA associates - Los Angeles / Architecture Firm / Interior Designer
    • Elephant Moving Company / Moving Company
    • Green Mountain Moving & Storage / Moving Company / Storage Facility

    Property Details for 8727 Venice Blvd

    Year built
    1923
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    1,876 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4312-004-009
    APU
    4312004009

    Description

    This exceptional 2,416 square foot office building, located at 8727 Venice Blvd. in the vibrant Culver City submarket of West Los Angeles, presents a unique leasing opportunity. Built in 1923, this two-story Class B property offers a blend of executive and creative office space, perfect for a variety of businesses. The building features a total of 12 parking spaces, a significant advantage in this highly sought-after area. The property is currently fully vacant, offering immediate occupancy for a single tenant or the possibility of dividing the space. Individual suites range from a minimum of 535 square feet to a maximum contiguous space of 1,331 square feet, providing flexibility for businesses of various sizes. The building is served by DWP power and does not include elevators. The property is zoned LAC2 and is conveniently located near Halms Avenue in Los Angeles County, California, zip code 90034. This is a rare chance to secure a well-located, adaptable office space in a thriving West Los Angeles neighborhood. The property's unique character and flexible layout make it an ideal choice for companies seeking a distinctive and functional workspace. Don't miss this opportunity to establish your business in this dynamic and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,355,000
      ML approach
      $1,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,298,000
      Market price range: $319k - $1.37M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,020,000
      OFFICE BUILDING
      $940,000
      MEDICAL BUILDING
      $855,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.383
    Latitude
    34.0326
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,517
    $750,540
    $100,113
    $850,653
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      8874 Cadillac Ave

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      8874 Cadillac Ave, Los Angeles, CA 90034-2002
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    • Value Estimation
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      4,076 SF

      2633 Robertson Blvd

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      2633 Robertson Blvd, Los Angeles, CA 90034-2401
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    • Value Estimation
      $825,000
      5,018 SF

      10450 National Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,018 SF
      10450 National Blvd, Los Angeles, CA 90034-4662
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    • Value Estimation by Request
      2,536 SF

      8765 Venice Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,536 SF
      8765 Venice Blvd, Los Angeles, CA 90034-3226
      View Details

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    Similar Nearby for Lease

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      Mixed-Use Property for Lease

      Mixed-use property suitable for auto club, live/work, or creative office.
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      Commercial Space for Lease

      Commercial space available for lease in Los Angeles.
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      Robertson Place Commercial Space Available

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      Culver City Flex/Industrial Space

      Flex/industrial space available for lease in Culver City.
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      Office Space for Lease

      Office space available for lease in Los Angeles.
      8737 Venice Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      1,010 SF

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA.
      3379-3383 Robertson Pl, Los Angeles, CA 90034
      View Details
    View Listing
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    Los Angeles, CA 90034
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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